Unlike what happened with automobiles, in which new propulsion technologies registered an increase of almost 60% in the first half of 2023, heavy vehicles powered by electricity or gas dropped 55.5% in this period.
From the 604 units licensed in H1 2022, the volume fell to 269 from January to June this year. The survey was released by the National Association of Motor Vehicle Manufacturers (Anfavea).
Source: Automotive Business Read The Article
PSR Analysis. Although OEMs say the drop is in line with the overall market reduction, the ICE market does not account for the significant decrease in sales. Sales from January to June 2023 are only 1% below 2022 in the same period. The small volumes and the size of orders can explain the oscillation with orders postponed from Q1 2023 and Q2 2023 with expectations for incentives and better credit in the second half of 2023.
Fabio Ferraresi is Director Business Development-South America for Power Systems Research
